HomePath Financing allows borrowers to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender appraisal and no mortgage insurance. Seller contributions to closing costs are also allowed.

What are the benefits?

• Up to 97% LTV
• 620 minimum score required
• Low down payment and flexible terms (fixed rate, adjustable rate or interest only).
• Down payment of at least 3% can be funded by the borrower’s own savings, a gift, grant or a loan from a nonprofit organization, state or local government, or employer
• No lender appraisal
• No mortgage insurance
• Seller contributions for closing costs allowed
• Available for primary homes, second homes and investment properties